14-key to influence diagram example

14-key to influence diagram example - demand = d crumb...

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Answer: b)  any number of bakers will be available, all willing to work OT bread crumbling labour negligible or irrelevant no alternative use for unsold bread all unsold bread can be sold as crumble other costs (such as energy, hiring-firing etc.) irrelevant  maximising the efficiency of baking operations will not divert resources  and cause inefficiencies elsewhere etc.
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number of loaves = x
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Unformatted text preview: demand = d crumb price = p hand. cost = k sold = x = min(x,d) unsold = x = x-x crumb revenue = r 2 = (p 2-k 2 )x 2 number of bakers = y = [x/480] OT hours = y 1 = (x/ loaf revenue = r =p x ingredient cost =c 3 =k 1 x OT cost=c =y w profit = r 1 + r 2 - c 1 - c 2 - c 3 RT cost = c 1 = yw 1 ing cost=k price=p RT daily wage = w OT hourly wage = w...
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14-key to influence diagram example - demand = d crumb...

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